116 Nora Ave, Spokane, WA 99207-2334
This 3,338 square foot commercial building in Spokane, WA, is ideally situated in a high-traffic area, making it perfect for a variety of businesses. The property boasts a large open area suitable for retail space or a reception area, complemented by four private offices and ample room for additional cubicles. A convenient kitchen and dining area caters to clients or employees. Its central location makes it particularly attractive to professionals needing proximity to the courthouse, such as counselors or attorneys. The building offers abundant parking, including spaces behind the building and readily available street parking. Two bathrooms add to the convenience. Recent updates include new flooring, fresh paint, and a new furnace. The 0.02-acre lot provides ample space for operations. With its versatile layout and recent improvements, this property presents a significant opportunity for a business seeking a well-maintained and conveniently located space in a thriving Spokane neighborhood. The building's size and features offer flexibility for various business models, ensuring a strong return on investment. This is a rare opportunity to acquire a well-maintained commercial property in a desirable location.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.